Insider Selling: Franco-Nevada (TSE:FNV) Insider Sells 500 Shares of Stock

Key Points

• Adrian Wong, an insider at Franco-Nevada, recently sold 500 shares of stock for C$275.00 each, totaling C$137,500, reducing their ownership by 4.94%.
• Franco-Nevada shares were trading at C$278.65, reflecting a 1.2% increase, with a market capitalization of C$53.70 billion.
• Several analysts have raised their price targets for Franco-Nevada, with Bank of America setting a new target of C$290.00, reflecting strong underlying confidence in the company’s future performance.

Franco-Nevada Co. (TSE:FNV - Get Free Report) NYSE: FNV insider Adrian Wong sold 500 shares of the company's stock in a transaction dated Wednesday, September 10th. The shares were sold at an average price of C$275.00, for a total transaction of C$137,500.00. Following the sale, the insider owned 9,613 shares of the company's stock, valued at C$2,643,575. This trade represents a 4.94% decrease in their ownership of the stock.

Adrian Wong also recently made the following trade(s):

• On Tuesday, August 26th, Adrian Wong sold 310 shares of Franco-Nevada stock. The shares were sold at an average price of C$256.50, for a total transaction of C$79,515.00.
• On Monday, September 8th, Adrian Wong sold 500 shares of Franco-Nevada stock. The stock was sold at an average price of C$272.00, for a total value of C$136,000.00.

Franco-Nevada Trading Up 1.2%

TSE:FNV traded up C$3.28 during mid-day trading on Thursday, hitting C$278.65. The company's stock had a trading volume of 114,520 shares, compared to its average volume of 303,420. The company has a market capitalization of C$53.70 billion, a price-to-earnings ratio of 68.46, a P/E/G ratio of 5.00 and a beta of 0.53. The stock has a fifty day moving average of C$237.29 and a 200-day moving average of C$228.86. Franco-Nevada Co. has a fifty-two week low of C$157.70 and a fifty-two week high of C$279.37.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on FNV. Bank of America increased their price target on Franco-Nevada from C$255.00 to C$290.00 in a research report on Friday, August 29th. BMO Capital Markets upped their price target on shares of Franco-Nevada from C$260.00 to C$261.00 in a report on Wednesday, May 28th. Finally, Canaccord Genuity Group increased their price objective on shares of Franco-Nevada from C$262.00 to C$267.00 in a research note on Tuesday, June 10th. Three research analysts have rated the stock with a Strong Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the company presently has an average rating of "Strong Buy" and an average price target of C$240.00.

Franco-Nevada Company Profile

Franco-Nevada Corp is a precious-metals-focused royalty and investment company. The company owns a diversified portfolio of precious metals and royalty streams, which is actively managed to generate the bulk of its revenue from gold, silver, and platinum. The company does not operate mines, develop projects, or conduct exploration.

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